12/22/2008

It Must Be Bad Out There

For the most part, we've been numb to the mortgage meltdown / credit crunch / economic down-turn. Being debt-free, having an emergency fund, and living on a budget has left us... well, mostly unaffected. Now that's not to say that our retirement accounts haven't taken a hit - everyone's has. And it doesn't mean that we haven't been watching this unfold in great disgust - because we have.

It just means, that it hasn't caused us to drastically alter our lifestyle. We drove less this summer - who didn't? But the overall plan hasn't changed and we're still tracking pretty well. So all the reports on the evening news about this supposed recession have been mostly surreal to us. But then I saw something that really opened my eyes - a bank commercial!

I thought at first it might have been co-sponsored by Dave Ramsey as they were nearly outlining his advice! "In these tough economic times, it's important to get your finances in order. Pay down your debt, cut back your spending...."

Wait, this is a bank!?!

I guess, sooner or later, the truth comes out. A year from now, they'll be back to pushing 1% cash back rates on thier credit lines.

Here's how we brave the sorm:




The Budget - The budget is like our snowblower. A little front-end preparation will ensure that it is ready when you need it. And you will need it. When the stom comes, the budget will hep youclear away the mess you're in, and give you a clear path to follow.

The Emergency Fund - Maybe yours is only partially funded so you've got a towrope or a bag of salt in the trunk. But the real e-fund is that 4x4 pickup in the driveway (purchased used, of course). When things get really bad, when all else fails, it's there for you and can walk you through as though nothing happened.

Being Debt-Free - The unexpected benefit here is that you have the time and energy to deal with it all. To not be so stressed out and making decisions indespiration is invaluable. To have peace about your finances causes you to look at purchases and situations differently than you would have if you still had outstanding liabilities.

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12/19/2008

Paid How Much?!? ((Updated))


I was shocked the other evening when I caught a little snip-it of the evening news. They were talking about the auto bailout failing. They said that the union did not agree to the terms. That was not the shocking part. The shocking part was that next they said that the average UAW member makes $75 an hour! I was truly shocked. This dollar amount does include benefits but even if you take it out (or add in benefits to other hourly rates) it is still way above what I would assume a blue collar job would pay.


In fact, I did the math and that is a lot higher then what the Mr. makes and what I made when I left my career. This is very disappointing since he has an engineering degree and my job required a master's degree. Don't get me wrong. I don't mind if we others make more then us. However, if it is a position that only requires a high school education and is on a factory line I don't feel like they should be earning more then other professional positions.

What really bothers me even more then that is that it seems like the UAW is not willing to cut back wages and/or benefits. Is it really wise to make everyone lose their jobs rather then to cut back your income to, say, what a teacher makes? What if they had the same benefits as a teacher? When the factory closes over the holidays do the workers not get paid like teachers?

Why do UAW members deserve more then teachers? Do you think that the UAW was being selfish for not working with the other groups to get a bailout approved?

***Update***
The White House has brought Christmas early for 2 of the Big 3 - to the tune of 17.4 millio dollars. But there are strings attached, one of which requires them to bring labor costs in-line with that of their competitors. This is something that Ron Gettlefinger and the UAW take issue with. Heck, this is the exact stipulation that caused them to kill the Senate bailout package.

Would it be so terrible to make a rasonable wage with reasonable benefits?

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Thrifty Christmas - Part 12

Today I'm posting the last of our Thrifty Christmas series. I have been having a lot of fun writing these posts and revisiting some of my fondest memories. I've also seen lots of great ideas on the web. That is why I've decided to make this last post a round up post.

What were my favorite online finds?

  • The Toby Show had a wonderful post on Stocking Stuffers. These ideas didn't break the bank and were good for the environment.

  • Paula's Ponderings has a great post on how to make a Christmas ornament out shaped like a tree out of paper. These look like a fun project!

  • Green Mesh had a neat short video clip about showing a govern's mansion being decorated for Christmas on a budget. I liked the idea of using natural items to decorate.

  • MaryAnne from Thrifty Crafty Mama posted a great idea for a kid's craft project. What grandma wouldn't love to have this tree hanging on their fridge?

These were just four of my favorite Christmas posts from this year. What are your favorites? Feel free to leave links to your favorite posts.

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12/18/2008

Thrifty Christmas - Part 11

Earlier today I was thinking about all the fun things we did in our family for Christmas. Some of them were thrifty some of them not so much. But either way, we did have a lot of fun during the Christmas season.

Here are some of the fun things I remember doing as a child that did not cost a lot of money.

  • We would sting popcorn for our tree.
  • We would all help with making and decorating the cookies.
  • Christmas Eve we would watch holiday movies, play games and eat lots of homemade goodies until it was time to leave for Midnight Mass.
  • Play in the snow (a lot) with our cousins.
  • Help wrap gifts.
  • Go ice skating.
  • Read lots of Christmas themed books while eating popcorn.
  • Cuddling by the fire.

I hope that some of these ideas help to give your family the same warm memories I have from my childhood.

What are some of the traditions that you hope to carry on with your own kids, grandchildren or nieces/nephews?

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12/17/2008

Thrifty Christmas - Part 10

Did you like the last tip but don't have the time or the money? If that's the case then this next thrifty Christmas idea might be for you!

The best gift I have ever received was the cutest homemade gift certificates from my husband and daughter. This is a great idea for a cheap gift for your spouse. It can be as practical or romantic as you would like it to be. There is nothing better then redeeming a gift card for a foot massage or a week free of laundry duty.

What are your favorite free gifts?

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12/16/2008

Thrifty Christmas - Part 9

I have a bright idea to share today! Everyone loves to share the Christmas cheer. Some people, like my husband, love to share the cheer through outside Christmas lights. While that might not sound to frugal to some we do try to make it as frugal as possible.

Mr. NtJS uses outside timers to help save on the electric bill. He sets the timer so that the lights kick on at 6pm and then turn off at 10pm. Having the lights on for 4 hours a night will not break the bank while spreading a little holiday cheer.

Do you do anything special with your lights?

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12/15/2008

Thrifty Christmas - Part 8

Christmas is less then 2 weeks away! Where has all the time gone? It feels like just yesterday we were enjoying summer weather. If you need a kids gift fast but don't have a lot of money to spend I've come up with a great gift idea that seems to be a hit every time no mater the age. The best part is they are made in the USA!

I came up with this idea earlier this year when my daughter was invited to a last minute birthday party for a boy in her class. I'd did not have any of my usual premade gifts stashed away so I was trying to find something quick.

What I came up with was a personalized art kit. I was able to find art supplies at local stores that were made here in the USA. They were Crayola, Kodak, and other brands. HOWEVER, you have to read the packaging because each brand only carries a few items made here. I was even able to find small spiral bound skitch pad diaries made in the USA using wind power.

I put crayons, colored pencils and paint dotters in a pencil pouch or pencil hard case. Then I took the skitch pad and added a sheet of colored paper to it and add their name using left over foam letters from another project. You instantly have a nice sized traveling art kit with the child's name on it for under $15.

Do you have any other in a pinch premade gift ideas that are good for the enviroment and/or made in the USA?

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12/12/2008

Thrifty Christmas - Part 7

Do you have your stocking hung by the fire with care? We do! As a child I think that one of my favorite thing were our stockings. I remember always rushing downstairs on Christmas morning to see what little goodies had been tucked into my stocking.

As a child my stocking was machine knitted and had our names on them in a very early 80's style. As an adult I wanted to have a more timeless look to our stockings. I also wanted them to look a little more upscale. Of course, I didn't really have any money to spend on this picky project.

Want to know what I did? I'm sure you have lots of great guess but you will have to keep reading to find out.


I was lucky enough to score several boxes of home decor fabric samples from freecycle. I made a lot of different items from the fabric but hands down my favorite is our stockings. I used the fabric samples to quilt together very elegant looking stockings. I also embroidered our names on them for that personal touch. This project cost me nothing since I had all the stuff to make them already.

In fact, I would say that they made me money! I had lots of people comment on how nice they were. Some of them even asked me to sew them stockings. So I did make about a dozen of them some extra Christmas cash one year.

This is an easy project and you can use any fabric you already own. I think that it would be great to take some of your daughter's past Christmas dresses and make them into the stockings. It would have so much meaning.

Did you make your family's stockings? How did you do it?

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12/11/2008

Is It Raining At Your House?


It seems like when it rains, it pours. At least at house that is always the case. In fact, at this very moment I'm really paranoid that the other shoe (or in this case the 4th shoe) will drop. Let me explain.



We started a major remodeling project in our only full bathroom over Labor Day weekend that was not planned but forced on us by the house (ie. a bad leak). It's still not complete because everything that could go wrong has. Everything in the bathroom has been complicated by the custom everything in it from the 60's. The Mr. has been putting in some very long days and even weekends at work because of deadlines and less staff after the layoff. And every time we turn around something else is happening. For example in the last 7 days we found water in the basement because of our sump pump breaking. Of course that happened on the weekend so we had to pay extra for that job. Then on Tuesday night, actually make that Wednesday morning 1 am when the Mr. got home from working late, the only toilet we have in our house broke. Of yes, 1am. In the morning with a about 3 hours of sleep we realized that it could not be fixed because it was the "guts" of the toilet that broke and it is the orginal toilet to the house. So we were forced into buying a new toilet and installing it ourselves that night as soon as the Mr. came home. All these unexpected expenses are adding up fast.

Am I writing this to complain? I'm only partially venting. I'm really writting this for another reason. To remind everyone why it is important to have an emergancy fund that is easily accessible. Just last night I told the Mr. that I was really sad about blowing $645 on emergancy house repairs this week because I was going to have to not buy the kids some of the things I was planning on buying for Christmas and I was also going to wipe clean my new deep freezer fund to pay for these bills. He just looked at me and said "Don't do that. You shouldn't have to start over we can just use our emergancy funds for this stuff". As sweet as the statement was (and it really was). In my mind I could not justify dipping into the EF with the uncertain future of the job market. However, if we didn't have the extra savings for other items I would have been transferring funds from our EF savings account into our checking account yesterday afternoon so that I could buy that new toilet.

Do you have an emergancy fund in place? Have you talked to your spouse about what you would consider an emergancy? If not, start today! If you are dragging your feet just watch the news tonight and maybe that will motivate you to start saving for that rainy day.

And one last question for you. Is it raining at your house? If so tell us about. I'd love to have others join me in this little pitty party today!

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Thrifty Christmas - Part 6

After reading about my family's Christmas gift of giving do you think we are nuts? Well, if so you are not alone. We had proposed this idea to the Mr.'s side of the family since it worked so well for my side. To say that it was meet with resistance is the understatement of the year. Some family members felt very strongly about NOT giving to the poor and that we HAVE to have presents under the tree for the adults. Of course, sticking my neck out there like I've been know to do. I offered to instead of giving it to the poor we could pick a different charity and just give the cash. That went over as well as a lead balloon.

I realized really fast that we were not going to be able to change his family's opinion on what a Christmas gift should look like. However, I was not going to go out and drop a lot of money on an item that they really don't need and will likely not be used. The Mr. and I had some work to do but we came up with some great gifts to give. Some of them might have been a little shock to the system.

Want to hear what we gave?



The year of the "no giving to the needy" episode we really hard on us. Of course my first instinct was to give them a piece of coal and tell them to stick it. But that would be to nice and expensive. So instead we bought Dave Ramsey's book "The Total Money Makeover" in bulk and wrote a personal note explaining how getting out of debt and living within our means had changed out lives. I can only image the conversations on the drive home. But that's alright. They should have been grateful that the Mr. had talked me out of the many not so nice gifts that came to mind first.

Then the next year I had more time to come up with a good gift. The gift of food. Everyone loves home made food and most people don't have the time and patience for it. All summer long while I was canning for my own family I would can some extra to give away. Then I picked up baskets at garage sales to put all the jars in. By the time Christmas came around it was so easy to just go down to the basement and pull it all together. We had jars of apple pie filling, apple sauce, apple butter, peach syrup, peach butter and more. I also made homemade chocolates and the Mr. made his famous sun-dried tomato bread and hot and spicy chex-mix.

Everyone was happy to get the yummy food. We even had several people return the jars so that I could reuse them for next years gift. Hint, Hint... The gift went over well and we felt like it helped to keep our budget in check while thinking "green".

For now we will stick with this gift. Maybe in a few years we will try something different but for now homemade preserves and baked goods seem to be the best way to go with the Mr.'s side of the family.

Do you give any home made goodies as gifts? What do you make to give?

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